The Buffalo Sabres have placed forward Nathan Gerbe on unconditional waivers with the intention of administering a compliance buyout, according to Bob McKenzie of TSN on Wednesday afternoon.
Nathan Gerbe buyout: Sabres place forward on waivers
Nathan Gerbe was scheduled to become a restricted free agent next summer. With news of the Sabres’ intentions to buy him out, he will become an unrestricted free agent this summer.
Andrew Burton
Gerbe was scheduled to enter the final year of a three-year, $4.35 million contract that carried an annual average value of $1.45 million against the salary cap. Under the new collective bargaining agreement, teams are permitted two compliance buyouts that remove a player’s salary from their salary cap allotment without penalty. This option was created due to the declining nature of the salary cap for the 2013-14 season, as well as a way to adjust to new contractual rules in the collective bargaining agreement that eliminated front- or back-loaded contracts.
Buffalo presently has $13.7 million in cap space with Gerbe on the roster, according to CapGeek.com. By administering a compliance buyout, the club will add $1.45 million to that total.
Gerbe was scheduled to become a restricted free agent next season. He will now become an unrestricted free agent this summer.
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